The Rainbow Homes for Sale

The Rainbow Homes for Sale

Welcome to The Rainbow, a picturesque subdivision nestled in the heart of Montreat, North Carolina. This charming community is a hidden gem in Buncombe County, offering residents a serene mountain lifestyle with breathtaking natural beauty. Known for its vibrant landscapes and tranquil ambiance, The Rainbow is a place where you can truly escape the hustle and bustle of everyday life.

The homes for sale in The Rainbow are as diverse as the colors in its name, featuring a variety of architectural styles that blend seamlessly with the stunning surroundings. Whether you're looking for a cozy cabin, a modern mountain retreat, or a spacious family home, this subdivision has something to suit every taste and budget. Each property is thoughtfully designed to maximize comfort and functionality, often boasting large windows that invite the outdoors in and allow you to soak in the mesmerizing views of the Blue Ridge Mountains.

Living in The Rainbow means embracing an active lifestyle, with an abundance of outdoor activities at your doorstep. Enjoy hiking along scenic trails, exploring nearby parks, or simply unwinding in your backyard while listening to the soothing sounds of nature. The community is also conveniently located just a short drive from the vibrant town of Black Mountain, where you can find delightful shops, restaurants, and cultural attractions.

If you're ready to make your dream of mountain living a reality, consider the homes for sale in The Rainbow. Experience the perfect blend of tranquility and community in this enchanting subdivision, where every day feels like a vacation. Your new adventure awaits!

Newest The Rainbow Homes for Sale

$2,200,000
5 Beds 7 Baths 4378734 MLS
This spacious, architecturally designed, custom built home incorporates wooded views, mountain views, and a professionally built creek and waterfall that converge at a moss covered sitting/respite spot. Unwind and recharge while listening to the creek and waterfall flow. This home, sitting on three lots in Montreat, is a rare find. The relatively gentle semi-circular driveway with abundant level parking allows you to casually stroll to the main entrance. Opening the full lite glass entrance doors leads directly into the Great Room presenting a cathedral ceiling, native stone fireplace, wide plank hardwood flooring, and a grand open floor plan. Expansive glass lets in natural light and provides views of the surrounding mountains. Solid oak flooring is throughout this home. Conversation and interaction within the dining, kitchen, and living areas is easy and comfortable with this open design. The skylights and structural ceiling components add a refined mountain feel with their use of wood, depth, space, and light. Just off of the Great Room is the master bedroom with an ensuite bath. The alluring beauty of this room comes from many design details including; extensive glass and skylights, a cathedral ceiling, major wood accents, a view of the mountains from the front and a view of the waterfall and landscaped woods from the back, and a private covered porch. The main floor has direct access to the extra large two car garage. The laundry is also on this level. There are two staircases that lead to the lower level. Taking the well crafted oak staircase from the Great Room leads to the Family Room on the lower level. This room has a stone fireplace and French doors that lead outside onto the covered deck. Flanking this room are two ensuite bedrooms. The wide hallway leads to a kitchenette with unique views to the creek and extensive stonework outside, and two more ensuite bedrooms. At the end of the hallway is a media or recreation room, and an additional full bath with a clawfoot tub. From this recreation room there is access to the outside deck, the back staircase, and to the “pool room” and outside lap pool. This Endless Pool is exceptional in size and features, but will need at least a new liner and some decking work. Taking advantage of the southern and western exposure, the roof has an extensive solar panel array for alternative energy.

117 Shenandoah Terrace, Montreat

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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .